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Re: NEM Official Moderated Thread [Updates & Discussion][Civilized Discussion]
by
Totem22
on 18/06/2014, 03:37:03 UTC
Quote from: makoto1337 on June 18, 2014, 03:27:00 AM
Quote from: Eadeqa on June 18, 2014, 02:54:19 AM
Quote from: makoto1337 on June 18, 2014, 12:31:39 AM
Quote from: Eadeqa on June 17, 2014, 06:56:08 AM
I oppose pre launch public auction, as that means 400 BTC IPO is going into someone pocket  at current prices.

If developers want 400 BTC more, why they also need 15% stake too  (which is 600 million Nem)



Money is used to pay for ecosystem dev, etc. Those stakes are only worth 400 BTC because of our efforts, so what is the problem?

Those stakes are NOT worth 400 BTC because of your efforts as nothing is released. They are worth 400 BTC because of the entire community and supporter.

So let get this straight.

(1) You want 15% of stakes  -- that's 600 stakes for anyone not counting, or 600 million Nem --   (reserved 10% more for future)
(2) You want 66 BTC and several thousand Nxt that were collected during IPO
(3) Now on top of that you want to sell 200 more stakes before the launch for additional 400 BTC (which is essentially a second IPO)
(4) No definite statement made about what you will do with unclaimed stakes.

The whole thing is intended to make 8 "developers" rich very fast before the launch (or just after).

 Good luck to "rest" of the community since if developer dump even 50% of the 15% (300 million) it will tank the prices for all of you bought it on Nxt AE, while developers are already rich.  


Did you read this? https://raw.githubusercontent.com/makoto1337/NEMlogos/master/handout/page3.jpg

1) Until V1: core dev gets 10%, which is less than 2% per person (on average). 5% goes to marketing/ecosystem (these are roughly the numbers as UP has laid out before, but remember that distributions of the 15% are up to the discretion of the core team)
2) After V1: 10% of NEM released over time, on average 10% every two months. This is for development and marketing for NEM.

What to do with unclaimed stakes is still being debated, but it is likely they will be used for paying for developing and marketing post-V1.

To be serious and promote NEM and build projects to support everyone, I think it is very reasonable to do the distribution like it is planned. I seriously doubt any of the core devs will dump their stakes. Why would we want to destroy what we created?

Makoto1337 who codes > Eadeqa who Huh. Suggestion to Eadega: make your own coin. Viva no envy movement  Smiley